Although most debts are dischargeable in bankruptcy, certain types of debts cannot be discharged in a bankruptcy. These debts are called non-dischargeable and apply in every case. This just means that even if you file for bankruptcy, you will still owe on these debts. This may seem unfair, however, these exceptions were created as a policy choice to protect certain parties from having their debts discharged. However, certain debts that are normally dischargeable may be ruled as non-dischargeable if a debtor has committed a crime or fraud. The government understands that sometimes people need a fresh financial start. However, it strikes a balance between the need to forgive and repay certain debts. While bankruptcy is a legal way for individuals and businesses to eliminate or pay down debt, it does not discharge all debts.
The Bankruptcy Code is complex. At the Lozano Law Offices, you will get trusted answers to all your bankruptcy questions. If you have questions about which debts can be discharged in bankruptcy, call us immediately at (510) 538-7188 or contact us online to schedule an appointment. Attorney Crispin Lozano will meet with you during a free initial consultation and explain which debts are not dischargeable in bankruptcy. We know the bankruptcy laws from the inside out. Using our knowledge of the law, we will work to help you start rebuilding your financial future on more solid ground.